By implementing an integrated platform like Aleri LMS, Swedbank is expected to identify, measure, monitor and control liquidity risk in real-time.
According to Aleri, the liquidity management system (LMS) is the commercial application deployed leveraging complex event processing technology (CEP). It is a platform that consolidates bank-wide cash and liquid assets enabling banks to efficiently identify potential sources of liquidity risk and contingency liquidity funding.
Erik Ohman, head of operations for Swedbank markets at Swedbank, said: We looked to Aleri to provide us with a real-time approach to liquidity management, one that more effectively reaches across a banks front, middle and back office systems. After surveying different liquidity management solutions, we found that Aleri LMS was the only solution that both enabled complete integration of liquidity management, while also allowing for a fast, straightforward, non-intrusive implementation that could grow and expand with our needs.
Herve Lefevre, sales director of Aleri, said: At Aleri, we believe banks will need to clearly separate and complement their long term structural management of liquidity, which is generally well supported through their asset liability management tools, by installing a real-time, global, enterprise wide operational liquidity risk management platform based on a stock and flow model.